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China has vowed to “fight to the end” against US President Donald Trump’s tariffs, which has fueled expectations of yuan depreciation and monetary easing – a combination that has historically boosted the Bitcoin price.
China eased its grip on the yuan today, allowing it to drop to 7.2038 per dollar, the weakest since September. The 7.2 level has for years been considered a line in the sand, suggesting a policy shift may be underway to support exporters with a cheaper currency.
China policy makers also are discussing whether to bring forward easing measures to help offset the impact of Trump’s tariffs on the economy, Bloomberg reported on April 7.
Depreciating Yuan Bullish For Bitcoin, Analysts Says
The US said today that it will implement additional 50% tariffs on China from midnight, bringing the total tariff burden to 104% unless Beijing backs down on imposing 34% reciprocal tariffs on the US.
“The U.S. is now pursuing full-scale economic pressure on China, which may be forced to respond with quantitative easing and a currency devaluation,” said Markus Thielen, founder of 10x Research in said in an April 7 note. ”If so—and if China permits capital flight—Bitcoin could surge, much like it did in 2015.”
Bybit founder Ben Zhou shared a similar sentiment on X, and said “a lot of Chinese capital flows into BTC” when the yuan drops. The recent yuan depreciation is “bullish for BTC,” he said.
Translation: US vs China Tariff war … China will try to lower RMB to counter the tariff, historically, whenever RMB drops, a lot of Chinese capital flow into BTC, bullish for BTC. https://t.co/OQ4wtSdDWQ
— Ben Zhou (@benbybit) April 8, 2025
BTC Bull Token Might Be The Smartest Bitcoin Play
BTC Bull Token, a new Bitcoin-themed meme coin, could be the smartest BTC play amid the ongoing trade war and yuan depreciation.
The project will reward its holders with free Bitcoin via airdrops and BTCBULL token burns as the leading crypto’s price rises to new all-time highs.
It will give token holders free BTC when the Bitcoin price hits $150k, and for every $50k increase after that.
Token burns will start when Bitcoin reaches $125K, with tokens permanently removed from the supply for every subsequent $25K increase in BTC’s price.
Experts are already bullish on BTCBULL. Among them is YouTuber Alessandro De Crypto, who has over 14.4K subscribers and says BTCBULL could print massive gains for early investors.
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